Three common situations when it makes sense to sell your rental property.When does it make sense to sell your rental property? Owning a rental property can be a rewarding investment, but there may come a time when selling becomes the best course of action. As property managers, we’ve counseled many landlords on what the best course ...

Learn how to handle late rent payments with these three key steps: issuing a notice, sending a pay-or-quit, and taking legal action if necessary.How do you handle a tenant who treats “rent due” like a mere suggestion? If you’re a landlord, sooner or later, you will face the frustrating situation of a tenant who fails to ...

Here are three steps landlords should take to evict any problem tenants.At Richey Property Management, we understand that whether it’s due to non-payment of rent, property damage, or lease violations, the eviction process of a problematic tenant can be complex and time-consuming. However, by following a strategic approach and unders...

Learn which insurance clauses are essential for protecting your investment.At Richey Property Management, we emphasize understanding the key clauses in your landlord insurance policy to make sure you have the right coverage in place. Here are three key clauses to remember:1. Damage and liability protection. This covers the cost of repairi...

Leverage your property sales by deferring capital gains taxes with a 1031 exchange, giving you more capital to reinvest in bigger real estate deals.Let’s be honest for a second: you’ve worked hard to build up your real estate investments, but every time you sell a property, you’re getting hit with hefty capital gains tax...

Learn how proactive maintenance, tenant education, and quality upgrades can minimize repair costs and keep your rental property in top condition.Are you exhausted by the constant repairs eating into your rental property’s profitability? Owning a rental shouldn’t feel like a never-ending cycle of maintenance woes. The good news...

Do you know how to effectively price your rental property? Setting the right rental price is crucial to filling your property quickly without leaving money on the table. In today’s market, tenants are sensitive to price increases, and overpricing can lead to more prolonged vacancies. At Richey Property Management, we help landlords ...

Are you a landlord striving to maximize your rental income while minimizing headaches? At Richey Property Management, we know how easy it is to get caught up in the day-to-day management of properties, but overlooking certain aspects can lead to costly mistakes. From inadequate tenant screening to neglecting property maintenance, landlord...

Managing rentals alone can involve juggling tenant texts, midnight repairs, and legal hurdles—property managers can take over these tasks.Ever feel like you’re buried under the stress of being a landlord? Tenants are texting nonstop. The toilet’s broken (again), paperwork is piling up, and rent? It’s exhausting.Man...

LLC property owners need to file their FinCEN report to avoid penalties.Do you own a rental property under an LLC? Then, you should know the new federal reporting requirement you can’t afford to ignore. Missing it could mean paying fines or even criminal charges. But don’t worry because I’ve got you covered.I’m her...